DR Congo Economic Outlook
December 13, 2019The global economic slowdown appears to have weighed significantly on growth this year, as lingering trade tensions continue to take their toll on the export-oriented economy. Although average activity in the mining sector remained upbeat in the first half of the year, significantly lower prices for copper and cobalt—two of the country’s main exports—are likely to have hampered growth for the better part of the year. Meanwhile, on 15 November, the IMF agreed to resume a USD 500 million lending program to DR Congo, after having suspended it in 2012 over a lack of transparency with regards to the sale of state mining assets. The credit line, which is expected to be approved later this month, would be a welcome boost to President Felix Tshisekedi’s costly social programs at a time when external demand prospects appear gloomy.
DR Congo Economic GrowthGrowth is projected to decelerate next year, with lingering trade tensions set to restrain merchandise export growth. Nevertheless, healthy capital inflows amid large-scale infrastructure projects, largely financed by China, should support economic activity. Slowing global economy and a worsening Ebola outbreak remain major downside risks to the outlook, however. FocusEconomics panelists project growth of 4.0% in 2020, which is up 0.1 percentage points from last month’s forecast, and 3.9% in 2021.
DR Congo Economy Data
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5 years of DR Congo economic forecasts for more than 30 economic indicators.
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DR Congo Facts
|Exchange Rate||1,687||-0.78 %||Jan 01|
|Stock Market||0.6||0.0 %||Jan 07|
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